Halma (LON:HLMA) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Halma plc (LON:HLMA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,230.04 and traded as high as GBX 3,386. Halma shares last traded at GBX 3,359.01, with a volume of 113,948,484 shares.

Analyst Ratings Changes

Several equities analysts have commented on the company. Shore Capital reaffirmed a “hold” rating on shares of Halma in a research report on Friday, September 26th. The Goldman Sachs Group began coverage on shares of Halma in a research report on Thursday, August 7th. They issued a “buy” rating and a GBX 3,740 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Halma from GBX 3,290 to GBX 3,690 and gave the stock a “hold” rating in a research note on Friday, October 3rd. Finally, Berenberg Bank boosted their price target on Halma from GBX 3,250 to GBX 3,750 and gave the company a “buy” rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Halma currently has an average rating of “Hold” and an average price target of GBX 3,396.

Halma Trading Down 0.7%

The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The company has a market capitalization of £12.69 billion, a P/E ratio of 42.99, a PEG ratio of 2.93 and a beta of 0.53. The company’s fifty day simple moving average is GBX 3,443.34 and its 200-day simple moving average is GBX 3,230.04.

Insider Buying and Selling at Halma

In other news, insider Jennifer Ward sold 15,000 shares of Halma stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of GBX 3,381, for a total value of £507,150. Corporate insiders own 0.81% of the company’s stock.

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.